Exide’s portfolio includes traditional lead-acid batteries for automotive, heavy-duty truck, agricultural, marine, telecommunications, and electric utility applications, alongside lithium-ion technology exemplified by the Solition Material Handling line using lithium iron phosphate chemistry. Manufacturing capabilities span specialized processes for both chemistries, complemented by battery management systems and charging solutions. R&D focuses on improving energy density, extending cycle life, and reducing environmental impact through advanced materials and production techniques.
Products include lead-acid batteries for various automotive and industrial uses, the Solition Material Handling lithium iron phosphate battery line, and the Solition Mega Three containerized energy storage module with 3.4 MWh capacity.
In early 2024, Exide Industries advanced its 12 GWh lithium-ion cell manufacturing facility in Bengaluru with phase one expected by 2025, and signed an MoU with Hyundai Motor Company and Kia Corporation to supply EV cells and packs in India. At ees Europe 2024, Exide unveiled the Solition Mega Three 3.4 MWh containerized energy storage module.
Major shareholders of Exide Industries Limited include Chloride Eastern Ltd. (46.0%), Kotak Mahindra Asset Management Co. Ltd. (4.5%), Rajan Raheja Group (4.3%), and Norges Bank Investment Management (2.2%). European operations under Energy Technologies Holdings LLC remain privately held since October 2020.
